1215. Contingent, uncertain or unascertained consideration; in general.

In general, for the purposes of the stamp duty land tax provisions1, where the whole or part of the chargeable consideration for a transaction is contingent2, the amount or value of the consideration must be determined on the assumption that the outcome of the contingency will be such that the consideration is payable or, as the case may be, does not cease to be payable3.

Where the whole or part of the chargeable consideration for a transaction is uncertain